Indian shares open higher led by metals, IT
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 12 2024
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Should l Buy ?
Source: Reuters
Market Performance: Indian shares rose on Thursday, driven by gains in metals and IT sectors, with the Nifty 50 index up 0.51% and the S&P BSE Sensex gaining 0.45%, amid expectations of increased foreign inflows following favorable U.S. inflation data.
Federal Reserve Rate Cut Expectations: The likelihood of a 25-basis-point rate cut by the Federal Reserve on September 18 increased to 85%, which could stimulate growth and foreign investments, particularly benefiting IT and pharmaceutical companies in India.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
